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14 September 2024 | 14 replies
Ok, you have a clause and as a new owner you are going to immediately serve notice of eviction - how do you think that is going to go over on a person-to-person basis?
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13 September 2024 | 4 replies
We lived in that house for almost 30 years prior to returning it to a rental property and we've NEVER had cockroaches of any kind.I'm wondering if they might have come in on some of her moving boxes.Regardless, we have a pest control contract in place, and I've already contacted my technician.Should we be worried about this tenant, or am I just over-reacting?
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12 September 2024 | 2 replies
AND I did the thing we all read about, as far as getting multiple quotes for insurance and everything, went to move forward with the best one, State Farm, and we find out that we can’t get a policy due to having made a personal articles claim less than three years ago (was probably almost 3 years ago.)Now this was my business partners who made that claim.
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12 September 2024 | 14 replies
Determined to buy a house to fix and flip and looking to find someone I can connect with to maybe show me the ropes!
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12 September 2024 | 23 replies
Noelle, Detroit should be high on your list of places to move.I can speak from personal experience.
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16 September 2024 | 13 replies
So maybe now less sales get done.Maybe the big boy brokerages go all in house, so don't pay a buyer's agent.
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12 September 2024 | 54 replies
I have checked and the only way to get them is to go to the court house and access a computer they have set up!
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13 September 2024 | 16 replies
Here's some guidance on buying your first investment property in Southern California or Columbus, Ohio:Down payment:For investment properties, lenders typically require 15-30% down payment on your first investment15% down is possible with excellent credit (700+ score)20-25% down is more common, especially for multi-unit propertiesSection 8 considerations:Pros:Guaranteed portion of rent from governmentPotential for longer-term tenantsMay be easier to fill vacancies in some areasCons:More paperwork and inspections requiredRent amounts set by local housing authorityPotential property damage concernsOther tips:Research local markets carefully - price trends, rental rates, etc.Factor in all costs - taxes, insurance, maintenance, vacanciesConsider starting with a single-family home or small multi-unitBuild a team - real estate agent, property manager, contractorsHave cash reserves beyond just the down paymentUnderstand landlord-tenant laws in your chosen locationI'd recommend talking to local real estate agents in both areas to get more specific market insights.
14 September 2024 | 2 replies
@Anthony PriloIt sounds like you are trying to transfer a personal property into an LLC since you are now making it into a rental property.When I did this, the real goal was to transfer ownership to the LLC but maintain the current (low-interest) loan.
15 September 2024 | 1 reply
My husband Joe and I have rented the same house for 11 years, never missed a payment, even helped the owner save his home from foreclosure.